Short Interest in Morgan Dempsey Large Cap Value ETF (BATS:MDLV) Declines By 84.7%

Morgan Dempsey Large Cap Value ETF (BATS:MDLV) was the target of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 2,060 shares, a drop of 84.7% from the June 15th total of 13,436 shares. Based on an average daily trading volume, of 7,418 shares, the short-interest ratio is currently 0.3 days. Approximately 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDLV. Diversified Management Inc. boosted its holdings in Morgan Dempsey Large Cap Value ETF by 5.7% during the second quarter. Diversified Management Inc. now owns 96,481 shares of the company’s stock valued at $2,963,000 after purchasing an additional 5,202 shares in the last quarter. Beacon Pointe Advisors LLC boosted its stake in Morgan Dempsey Large Cap Value ETF by 4.8% in the 4th quarter. Beacon Pointe Advisors LLC now owns 377,970 shares of the company’s stock valued at $10,722,000 after buying an additional 17,319 shares in the last quarter. OLD Mission Capital LLC bought a new stake in Morgan Dempsey Large Cap Value ETF in the fourth quarter valued at $228,000. Morgan Dempsey Capital Management LLC raised its stake in Morgan Dempsey Large Cap Value ETF by 8.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 34,103 shares of the company’s stock worth $967,000 after acquiring an additional 2,756 shares in the last quarter. Finally, Susquehanna International Group LLP raised its stake in Morgan Dempsey Large Cap Value ETF by 56.2% during the third quarter. Susquehanna International Group LLP now owns 14,729 shares of the company’s stock worth $412,000 after acquiring an additional 5,300 shares in the last quarter.

Morgan Dempsey Large Cap Value ETF Price Performance

Shares of MDLV traded up $0.21 on Friday, reaching $31.37. 7,709 shares of the stock traded hands, compared to its average volume of 6,202. The stock’s 50-day moving average price is $31.00 and its 200-day moving average price is $30.32. The firm has a market cap of $30.43 million, a price-to-earnings ratio of 16.21 and a beta of 0.53. Morgan Dempsey Large Cap Value ETF has a 12 month low of $26.98 and a 12 month high of $31.94.

About Morgan Dempsey Large Cap Value ETF

The Morgan Dempsey Large Cap Value ETF (MDLV) is an exchange-traded fund that mostly invests in large cap equity. The fund is actively managed to provide exposure to US-listed, large-cap companies believed to be undervalued. Holdings are selected based on fundamental criteria. MDLV was launched on Apr 26, 2023 and is managed by Morgan Dempsey.